GitLab (NASDAQ:GTLB – Get Free Report) had its price target hoisted by equities researchers at Mizuho from $34.00 to $47.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price indicates a potential upside of 4.24% from the company’s previous close.
Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of GitLab from $32.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 26th. BTIG Research set a $60.00 price target on shares of GitLab in a report on Wednesday. TD Cowen upped their price objective on GitLab from $29.00 to $42.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. Robert W. Baird lifted their target price on GitLab from $47.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Morgan Stanley upped their price target on GitLab from $30.00 to $57.00 and gave the company an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, GitLab presently has an average rating of “Hold” and an average price target of $50.68.
Check Out Our Latest Report on GTLB
GitLab Stock Performance
GitLab (NASDAQ:GTLB – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $286.25 million during the quarter, compared to analysts’ expectations of $273.13 million. GitLab had a positive return on equity of 0.31% and a negative net margin of 2.49%.The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. GitLab has set its FY 2027 guidance at 0.850-0.870 EPS and its Q3 2027 guidance at 0.190-0.200 EPS. As a group, analysts forecast that GitLab will post -0.18 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CAO Simon Mundy sold 8,725 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $38.00, for a total transaction of $331,550.00. Following the completion of the transaction, the chief accounting officer directly owned 105,332 shares in the company, valued at $4,002,616. This represents a 7.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sytse Sijbrandij sold 116,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.44, for a total transaction of $3,304,728.00. Following the completion of the sale, the director owned 14,902,051 shares of the company’s stock, valued at $423,814,330.44. This trade represents a 0.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.64% of the stock is currently owned by company insiders.
Institutional Trading of GitLab
Institutional investors have recently modified their holdings of the business. Allworth Financial LP grew its holdings in GitLab by 124.1% during the 3rd quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $25,000 after acquiring an additional 309 shares during the period. Tsfg LLC purchased a new position in GitLab during the 2nd quarter worth $31,000. Quarry LP bought a new position in shares of GitLab during the third quarter valued at about $31,000. Fifth Third Bancorp grew its position in GitLab by 220.6% in the 1st quarter. Fifth Third Bancorp now owns 1,603 shares of the company’s stock worth $35,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of GitLab by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,000 shares of the company’s stock worth $45,000 after buying an additional 481 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.
GitLab News Summary
Here are the key news stories impacting GitLab this week:
- Positive Sentiment: Strong quarterly results: GitLab reported adjusted EPS of $0.24, ahead of the $0.18 consensus estimate, while revenue increased 21.3% year over year to $286.25 million, exceeding expectations of $273.13 million. GitLab Inc. Beats Q2 Earnings and Revenue Estimates
- Positive Sentiment: Record bookings and AI demand: Management highlighted record bookings and net annual recurring revenue growth above 40%, supported by demand for AI-related development tools and products such as GitLab Orbit and Secrets Manager.
- Positive Sentiment: Raised earnings outlook: GitLab guided fiscal 2027 EPS to $0.85–$0.87, well above the $0.61 analyst consensus. Third-quarter EPS guidance of $0.19–$0.20 also topped expectations of $0.12, although revenue guidance was broadly in line. GitLab Rallies After Record Bookings and Strong Guidance
- Positive Sentiment: Analyst targets moved higher: Needham raised its target to $65 and maintained a buy rating; RBC raised its target to $60; Baird to $59 with an outperform rating; Morgan Stanley to $57; Rosenblatt to $55 with a buy rating; and Bank of America to $54. Truist also raised its target to $48 while retaining a hold rating.
- Neutral Sentiment: Mixed analyst stance: Guggenheim reaffirmed a neutral rating, while Morgan Stanley, Bank of America, Piper Sandler and RBC retained equivalent market-perform or equal-weight views despite higher targets. This suggests analysts see upside but remain cautious about valuation and execution.
- Negative Sentiment: Valuation and profit concerns: Some coverage warns against chasing the rally, noting that GitLab shares had already gained substantially in recent months. The company still reported a negative net margin, and quarterly cash flow was weaker, creating potential profit-taking risk after the earnings-driven advance. GitLab Stock Soars After Earnings but Is Still Not a Buy
About GitLab
GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.
The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.
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